Lombard Odier Asset Management Switzerland SA Invests $1.05 Million in Wabtec $WAB

Lombard Odier Asset Management Switzerland SA acquired a new stake in Wabtec (NYSE:WAB) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,200 shares of the transportation company’s stock, valued at approximately $1,050,000.

Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in Wabtec during the 1st quarter worth approximately $25,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Wabtec by 125.9% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Manchester Capital Management LLC grew its stake in shares of Wabtec by 122.0% in the fourth quarter. Manchester Capital Management LLC now owns 131 shares of the transportation company’s stock worth $28,000 after acquiring an additional 72 shares in the last quarter. McMillan Office Inc. purchased a new stake in shares of Wabtec during the fourth quarter worth $31,000. Finally, Reflection Asset Management purchased a new stake in shares of Wabtec during the fourth quarter worth $35,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

Insider Activity at Wabtec

In other Wabtec news, insider Sameer Gaur sold 1,082 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $263.50, for a total transaction of $285,107.00. Following the sale, the insider owned 11,985 shares of the company’s stock, valued at approximately $3,158,047.50. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rafael Santana sold 1,163 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $262.07, for a total transaction of $304,787.41. Following the sale, the chief executive officer owned 122,914 shares of the company’s stock, valued at $32,212,071.98. This represents a 0.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 5,734 shares of company stock valued at $1,504,571. 0.57% of the stock is owned by company insiders.

Wabtec Price Performance

Wabtec stock opened at $300.74 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $266.61 and a 200-day simple moving average of $255.99. The stock has a market cap of $50.80 billion, a P/E ratio of 40.42, a price-to-earnings-growth ratio of 2.05 and a beta of 0.94. Wabtec has a 12-month low of $184.26 and a 12-month high of $303.41.

Wabtec (NYSE:WAB) last posted its earnings results on Wednesday, July 22nd. The transportation company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.60 by $0.16. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.07 billion. Wabtec had a return on equity of 15.10% and a net margin of 10.59%.Wabtec’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.27 earnings per share. Wabtec has set its FY 2026 guidance at 10.600-10.900 EPS. Equities analysts expect that Wabtec will post 10.86 EPS for the current fiscal year.

Wabtec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid a dividend of $0.31 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.24 annualized dividend and a yield of 0.4%. Wabtec’s payout ratio is presently 16.67%.

Analyst Ratings Changes

A number of research analysts recently issued reports on WAB shares. Wolfe Research reiterated an “outperform” rating and issued a $303.00 target price on shares of Wabtec in a report on Thursday, April 23rd. Wall Street Zen upgraded Wabtec from a “hold” rating to a “buy” rating in a report on Saturday. Stephens increased their price target on Wabtec from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. KeyCorp lifted their price objective on Wabtec from $308.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley boosted their price objective on Wabtec from $318.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $310.64.

Wabtec Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.